The Pi Network is set for a critical price test.
• The Pi Network will begin releasing 304.7 million tokens over 30 days starting July 4, of which 19.39 million tokens will be released tomorrow.
• The market capitalization of these tokens exceeds $151.9 million.
• The current price of Pi is $0.49 after a 14% loss over the week, despite a slight increase of 1.8% in the last 24 hours.
• Concerns are growing about selling pressure with 6 million tokens flowing to exchanges in a single day.
• Technical analysis shows neutral to bearish signals and negative moving averages.
• 🔒 The Pi team still controls 90% of the supply, which may reduce the likelihood of a major collapse.
• If the price falls below $0.40, the coin may lose its place among the top 30 coins.
Despite the slight recovery, the market remains cautious. The massive launch tomorrow could be a turning point: either a collapse below $0.40 or the beginning of consolidation and relative stability if the market absorbs the new supply.
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